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Institutional Insecurity

Already the world's second biggest energy consumer, China is presently on track to become the world's largest user of energy by the year 2030. This phenomenon has kindled a profusion of literature to address how China will meet this demand and the affect it will have on global energy security. Current analyses overwhelmingly focus on the notion that energy security is based on the assurance of reliable energy supply at a reasonable price, invoking a disproportionate emphasis on the security of China's oil supply. This is largely a result of the psychological elements arising from the uncertainty of guaranteed oil supplies for China. In reality, however, oil imports are merely one dimension of China's energy security concerns and not even the most important. Far less attention has been given to the more obscure though imperative factor of China's domestic energy institutions and their role in meeting the country's energy security challenges both at home and abroad.